‘The Olympics: A Costly Feel-Good Moment’

The New York Times

February 7th, 2014 by 

Olympic Rings

With the Olympic opening ceremonies slated to start today in Sochi, Russia, Victor Matheson, professor of economics at the College of the Holy Cross, sat down for an interview with the New York Times to discuss the price tag of hosting the Olympic games.

“One of the things you’re always hoping is that you’ll have some long-term impact,” said Matheson. “And there had better be some sort of legacy, because if you’re going to spend $50 billion on the Olympics, like Russia, there’s no way you can possibly get that back in the two weeks that they are going on.”

“So why host?” the New York Times asked.

“The Olympics may not make us rich,” Matheson said, “but they make us happy.”

Related news coverage:

This “Holy Cross in the News” item by Cristal Steuer.

| More

Comments are closed.

Sort By:
or
07/31/15 ‘Neel Smith, Holy Cross – Digital Research’
07/30/15 ‘Veteran to Run 160 Miles for Fallen Servicewomen’
07/30/15 ‘Why Democracies Don’t Want the Olympics Anymore’
07/30/15 Holy Cross Ranks No. 55 on Forbes’ List of America’s Top Colleges
See All
See All

Featured Videos

See video
Video: How Spring Arrives at Holy Cross

Watch Video >
See video
Reunion 2015: A Time to Reconnect, Reminisce and Remember

Watch Video >
See video
Holy Cross Awards 724 Bachelor of Arts Degrees During Commencement Exercises

Watch Video >
More

What’s Happening on Campus

09/03/2015

Internship Information Session

See More >
09/10/2015

Taste of Holy Cross

See More >
09/11/2015

Internship Expo

See More >
09/15/2015

Ernst & Young Dinner Workshop

See More >
More

Holy Cross in the News

07/30/15

Holy Cross Ranks No. 55 on Forbes’ List of America’s Top Colleges

Forbes.com

The College of the Holy Cross ranked No. 55 overall and No. 46 among private colleges on Forbes’ list of America’s Top Colleges. Forbes rated schools on an ROI scale with...

07/14/15

Money Magazine Ranks Holy Cross No. 18 Among Best Liberal Arts Colleges in the Country

The College of the Holy Cross ranks No. 18 on Money Magazine’s list of “The 50 Best Liberal Arts Colleges,” and No. 89 overall  on Money’s list of “Best...

07/14/15

Amanda Belichick Named Head Women’s Lacrosse Coach

ESPN | Sports Illustrated | Yahoo! News | Boston Herald

Amanda Belichick was recently named the head coach of the women’s lacrosse team at the College of the Holy Cross. The news of her appointment ran in more than 50 media...